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June 21, 2018

IMF calls for further currency depreciation in Nigeria

  The International Monetary Fund (IMF) yesterday called for further currency depreciation in Nigeria and seven other oil exporting West African countries. Recall that the Nigeria’s currency, naira, has depreciated officially by 28 percent from N155 to a dollar November last year to N197 at the close of business yesterday In its April 2015 Regional Economic Outlook for Sub-Saharan Africa, which economic growth of 4.5 percent for the region in 2015, TMF said, “For the region’s eight oil exporting countries, fiscal adjustment is a priority; policy makers should support an adjustment by allowing exchange rates to depreciate, where flexible exchange…

WHO Declares Nigeria Ebola Free

The World Health Organisation (WHO) on Monday October 20 declared Nigeria free of the deadly Ebola Virus. Nigeria has not recorded a new case of Ebola for 42 days or two incubation period of 21 days. WHO representative, Rui Gama Vaz, who said it was a “spectacular success story”, added that “Nigeria is now free of Ebola. “This is a spectacular success story. It shows that Ebola can be contained but we must be clear that we have only won a battle, the war will only end when West Africa is also declared free of Ebola”, he said. While the…

Fallen standard of Education

When Nigeria, Africa’s most populous nation gained political independence from Britain in October 1960, she inherited that high standard of education that makes Great Britain to thick among the comity of nations. Candidates from Nigeria wrote the London General Certificate of Education (GCE) examinations both at Ordinary and the Advanced levels and excelled.  They also did very well in the London Matriculation Examination.  When the West African Examinations Council (WAEC) came on board, our candidates maintained that high standard in the West African School Certificate (WASC) and Higher School Certificate (HSC) Examinations, which were in vogue before the outbreak of…